Weyerhaeuser Company (NYSE:WY) Given Average Recommendation of "Hold" by Brokerages

Shares of Weyerhaeuser Company (NYSE:WY - Get Free Report) have been assigned a consensus rating of "Hold" from the eleven ratings firms that are presently covering the stock, Marketbeat Ratings reports. One research analyst has rated the stock with a sell rating, four have issued a hold rating and six have given a buy rating to the company. The average 1 year price objective among brokerages that have issued a report on the stock in the last year is $28.75.

A number of brokerages have weighed in on WY. Wall Street Zen lowered Weyerhaeuser from a "hold" rating to a "sell" rating in a research report on Saturday, February 21st. Truist Financial cut their target price on Weyerhaeuser from $29.00 to $28.00 and set a "hold" rating on the stock in a research report on Wednesday, April 15th. Weiss Ratings raised Weyerhaeuser from a "sell (d+)" rating to a "hold (c-)" rating in a research report on Tuesday, February 10th. Canadian Imperial Bank of Commerce set a $28.00 target price on Weyerhaeuser in a research report on Thursday, April 23rd. Finally, DA Davidson reaffirmed a "buy" rating and set a $31.00 target price on shares of Weyerhaeuser in a research report on Tuesday, March 31st.

Weyerhaeuser Trading Down 0.8%

Shares of NYSE WY opened at $24.82 on Wednesday. The company has a market cap of $17.90 billion, a price-to-earnings ratio of 56.41, a price-to-earnings-growth ratio of 2.74 and a beta of 0.98. Weyerhaeuser has a 12-month low of $21.16 and a 12-month high of $27.86. The company has a current ratio of 1.29, a quick ratio of 0.83 and a debt-to-equity ratio of 0.54. The stock's 50 day simple moving average is $24.39 and its 200 day simple moving average is $24.19.

Weyerhaeuser (NYSE:WY - Get Free Report) last posted its earnings results on Thursday, January 29th. The real estate investment trust reported ($0.09) EPS for the quarter, beating the consensus estimate of ($0.13) by $0.04. Weyerhaeuser had a return on equity of 1.50% and a net margin of 4.69%.The firm had revenue of $1.54 billion for the quarter, compared to analysts' expectations of $1.58 billion. During the same period last year, the firm earned $0.11 EPS. The firm's revenue was down 9.8% compared to the same quarter last year. Equities research analysts expect that Weyerhaeuser will post 0.26 EPS for the current year.

Weyerhaeuser Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 20th. Stockholders of record on Tuesday, March 10th were issued a dividend of $0.21 per share. The ex-dividend date was Tuesday, March 10th. This represents a $0.84 dividend on an annualized basis and a dividend yield of 3.4%. Weyerhaeuser's payout ratio is currently 190.91%.

Insiders Place Their Bets

In other news, Director James Calvin O'rourke bought 4,000 shares of the stock in a transaction on Friday, February 20th. The shares were purchased at an average price of $25.35 per share, for a total transaction of $101,400.00. Following the completion of the purchase, the director directly owned 28,661 shares of the company's stock, valued at $726,556.35. This trade represents a 16.22% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Richard Beckwitt bought 20,000 shares of the stock in a transaction on Thursday, February 19th. The stock was purchased at an average price of $25.70 per share, for a total transaction of $514,000.00. Following the purchase, the director directly owned 24,066 shares of the company's stock, valued at approximately $618,496.20. This represents a 491.88% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Insiders own 0.31% of the company's stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of the company. Allianz Asset Management GmbH boosted its stake in shares of Weyerhaeuser by 27.5% during the 3rd quarter. Allianz Asset Management GmbH now owns 1,881,226 shares of the real estate investment trust's stock worth $46,636,000 after acquiring an additional 405,575 shares in the last quarter. Citigroup Inc. boosted its stake in shares of Weyerhaeuser by 68.5% during the 3rd quarter. Citigroup Inc. now owns 1,647,285 shares of the real estate investment trust's stock worth $40,836,000 after acquiring an additional 669,451 shares in the last quarter. Nordea Investment Management AB boosted its stake in shares of Weyerhaeuser by 2.0% during the 3rd quarter. Nordea Investment Management AB now owns 2,322,728 shares of the real estate investment trust's stock worth $57,278,000 after acquiring an additional 46,207 shares in the last quarter. Principal Financial Group Inc. boosted its stake in shares of Weyerhaeuser by 2.7% during the 3rd quarter. Principal Financial Group Inc. now owns 3,675,994 shares of the real estate investment trust's stock worth $91,128,000 after acquiring an additional 97,769 shares in the last quarter. Finally, Creative Financial Designs Inc. ADV bought a new stake in shares of Weyerhaeuser during the 3rd quarter worth about $1,154,000. Hedge funds and other institutional investors own 82.99% of the company's stock.

About Weyerhaeuser

Weyerhaeuser Company NYSE: WY is a leading integrated forest products company whose core businesses are timberland ownership and forest products manufacturing. The company owns and manages large tracts of timberland and harvests, processes and sells wood and wood-derived products used primarily in residential and industrial construction. Its manufacturing operations produce a range of building materials, including lumber, engineered wood products and wood panels, alongside fiber-based products that serve multiple commercial applications.

Founded in 1900 by Frederick Weyerhaeuser and headquartered in Seattle, Washington, the company has a long history in the North American forest products industry.

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